ACS Technologies approves loan, CSR committee, and corporate guarantee
ACS Technologies secured a ₹4.09 crore working capital term loan from HDFC Bank under ECLGS 5.0, raising total banking facilities to ₹48.74 crore. The board also enhanced the corporate guarantee for subsidiary Iotiq Innovations by ₹89 lakh to ₹5.39 crore and formed a CSR committee for FY26.

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ACS Technologies approved an additional working capital term loan of ₹4.09 crore from HDFC Bank Limited under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 during its board meeting on June 25, 2026. The company also enhanced the existing corporate guarantee provided to its subsidiary, Iotiq Innovations Private Limited, by ₹89 lakh in favour of State Bank of India. These decisions aim to bolster liquidity and support the subsidiary's credit facilities, which will now aggregate to ₹5.39 crore.
Loan Approval Details
The board sanctioned the following financial facility to meet working capital requirements:
| Parameter | Details |
|---|---|
| Loan Type | Working Capital Term Loan |
| Lender | HDFC Bank Limited |
| Loan Amount | ₹4.09 crore |
| Scheme | ECLGS 5.0 |
| Total Facilities Post-Approval | ₹48.74 crore |
The facility is secured by the extension of existing securities in favour of the bank.
Corporate Guarantee Enhancement
The board approved the enhancement of the corporate guarantee issued to Iotiq Innovations Private Limited. The existing guarantee of ₹4.50 crore was increased by an additional ₹89 lakh in favour of State Bank of India. Consequently, the total credit facilities availed by the subsidiary will rise to ₹5.39 crore.
Corporate Social Responsibility Committee
Additionally, the board constituted a Corporate Social Responsibility (CSR) Committee for the financial year commencing from 2026. The committee comprises three members appointed to oversee the company's CSR duties and responsibilities.
| Name of Member | Designation | Category |
|---|---|---|
| Mr. Neti Srinivasan | Chairperson | Independent Director |
| Mr. Ashok Kumar Buddharaju | Member | Executive Director |
| Mrs. Anitha Alokam | Member | Executive Director |
Historical Stock Returns for ACS Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.11% | -4.43% | +11.56% | +5.70% | +5.70% | +5.70% |
How does ACS Technologies plan to utilize the ₹4.09 crore ECLGS 5.0 funds to drive operational growth over the next fiscal year?
What specific strategic initiatives will Iotiq Innovations undertake with the enhanced credit facilities totaling ₹5.39 crore?
Will the company seek further liquidity enhancements or similar government-backed schemes in the near future?































